OrangeX Take Profit & Stop Loss (TP/SL) Guide
Updated on 2026/07/06
Take Profit (TP) and Stop Loss (SL) are essential risk management tools that help traders automatically close positions based on preset price levels. On OrangeX, you can set TP/SL when opening a position or add it later to an existing position, helping you manage trades even when you're away from the market.
What is Take Profit?
A Take Profit order automatically closes your position once the market reaches your target price, allowing you to lock in profits without manually monitoring the market.
- Long position: Set the TP price above your entry price.
- Short position: Set the TP price below your entry price.
What is Stop Loss?
A Stop Loss order helps limit potential losses by automatically closing your position when the market moves against you.
- Long position: Set the SL price below your entry price.
- Short position: Set the SL price above your entry price.
Using Stop Loss is especially important in volatile markets or when trading with leverage.
How to Set TP/SL on OrangeX
OrangeX allows you to:
- Add TP/SL while placing a futures order.
- Set TP/SL for an existing open position.
- Choose either Last Price or Mark Price as the trigger price.
- Modify or cancel TP/SL orders at any time before they are triggered.
Best Practices
- Always define your acceptable risk before entering a trade.
- Consider using Mark Price as the trigger to reduce unnecessary triggers caused by short-term price spikes.
- Review and adjust your TP/SL levels as market conditions change.
Proper use of Take Profit and Stop Loss can help improve trading discipline, reduce emotional decision-making, and better protect your capital during market volatility.
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